Xperi Corporation (XPER) Reports Q2 Revenues In-Line, Offers FY18 Revenue Outlook
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Xperi Corporation Announces Second Quarter 2018 Results
August 8, 2018 4:05 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Xperi Corporation (Nasdaq: XPER) (the Company or we) today announced financial results for the second quarter ended June 30, 2018.
During the second quarter, we continued to make progress on our financial goals for the year and our long-term targets. We delivered billings in line with our expectations and lower than expected operating expenses which generated $34.6 million in operating cash flow. In product licensing, we made significant progress around a number of strategic initiatives, including the expected commercial launch of DTS Connected Radio with a global automotive brand in 2019, said Jon... More
